Given the intricate nature and distinct challenges of the Indian real estate market, Non-Resident Indians (NRIs) need professional guidance and support for all their real estate transactions and investments in India, and NRIgo can provide assistance in the following domains.
Due Diligence: Conduct thorough due diligence on selected properties to ensure they meet legal and regulatory standards. This includes verifying property titles, ownership records, land use permissions, and any encumbrances or disputes associated with the property.
Market Analysis: Provide NRIs with insights into local real estate market trends, property price fluctuations, and potential growth areas.
Negotiation and Price Evaluation: Act as intermediaries in negotiations between the NRI and property sellers or developers. Help in assessing the fair market value of the property to ensure clients get the best deal.
Legal Compliance and Documentation: Guide NRIs through the complex legal and documentation processes involved in real estate transactions in India. This includes drafting and reviewing sale agreements, leases, and other legal documents.
Property Inspection: Arrange property inspections or surveys to evaluate the physical condition of the property. Identify any necessary repairs or renovations and estimate associated costs.
Tax Planning: Advise NRIs on the tax implications of property ownership and rental income in India, as well as tax benefits available to them. Help them optimize their tax liabilities.
Resale and Exit Strategies: Assist NRIs in developing exit strategies for their real estate investments, whether it involves selling the property, transferring ownership, or inheritance planning.
Legal Support: Collaborate with legal experts to resolve property-related disputes, if any arise, and ensure that NRIs’ rights and interests are protected.